EU Not Certain on Plans for Pillar One Directive, Official Says

The EU hasn’t decided whether it will move forward on a directive on Pillar One separately from the OECD-led tax deal, a top official said.

“We’ve mentioned several times the possibility of such a directive, but there is no decision yet whether or not we will do it,” said Benjamin Angel, director of direct taxation for the European Commission. He was speaking at an International Fiscal Association meeting on Wednesday in Amsterdam.

Pillar One of the two-part global tax deal aims to reallocate a portion of the largest multinationals’ profits to the jurisdictions where they make sales. After years ...